REG - Billington Holdings - Trading Update and Notice of Results

Billington HoldingsAnnouncement

09/03/2023 07:00

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RNS Number : 3624S  Billington Holdings PLC  09 March 2023

9 March 2023

Billington Holdings Plc

 

("Billington", the "Group" or the "Company")

 

Trading Update

 

Notice of Results

 

Investor Presentation

 

 

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel
and construction safety solutions specialists, is pleased to provide a trading
update ahead of the release of the Company's results for the year ended 31
December 2022 on 18 April 2023.

 

Trading Update

 

As outlined in the Company's trading update for the year to 31 December 2022,
announced on 14 December 2022, the Group has a strong order book at improved
margin levels, and a significant pipeline of opportunities.  Following the
close of the year end the Company now expects to report profit before tax
ahead of market expectations for the year ended 31 December 2022.

 

The Company is pleased to report that trading has continued to be strong, with
further good quality orders secured in the current year and a healthy pipeline
of opportunities.  Consequently, the Group now expects profit before tax for
the year ending 31 December 2023 to be ahead of market expectations.

 

As a result of strong cash management during 2022, combined with confidence in
future earnings and related cash generation, the Board expects to declare a
final dividend for the year ended 31 December 2022 ahead of market
expectations.

 

Mark Smith, CEO of Billington, commented:

 

"The recovery in activity we experienced in 2022 has continued into 2023.
The benefit of efficiency enhancements implemented throughout the Group,
combined with a strong orderbook and a healthy pipeline of further
opportunities, provides increased confidence in delivering an improved Group
financial performance.  I am therefore pleased to report that I now expect
the Group to achieve profits for 2023 ahead of current market expectations.
I look forward to commenting further on current trading at the time of the
release of our 2022 results on 18 April 2023."

 

Notice of Results

 

Billington will announce final results for the year ended 31 December 2022 on
18 April 2023.

 

Investor Presentation

 

Billington's CEO, Mark Smith, and CFO, Trevor Taylor, will provide a live
presentation relating to the annual results via the Investor Meet Company
platform on 18 April 2023 at 15.00 BST.

 

The presentation is open to all existing and potential shareholders. Questions
can be submitted via your Investor Meet Company dashboard at any time during
the live presentation.

 

Investors can sign up to Investor Meet Company for free and add to meet
Billington via:

 

https://www.investormeetcompany.com/billington-holdings-plc/register-investor
(https://protect-eu.mimecast.com/s/ym6WCxogUg927h8FoUy?domain=investormeetcompany.com)

 

Investors who already follow Billington on the Investor Meet Company platform
will automatically be invited.

 

For further information please contact:

 Billington Holdings Plc                          Tel: 01226 340 666

 Mark Smith, Chief Executive Officer

 Trevor Taylor, Chief Financial Officer
                                                  Tel: 020 7220 0500

 finnCap Ltd - Nomad and Broker

 Ed Frisby / Charlie Beeson - Corporate Finance

 Andrew Burdis / Barney Hayward - ECM
                                                  Tel: 020 3934 6630

 IFC Advisory Limited                             billington@investor-focus.co.uk

 Tim Metcalfe

 Graham Herring

 Zach Cohen

 

About Billington Holdings Plc

 

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel
and construction safety solutions specialists, is a UK based Group of
companies focused on structural steel and engineering activities throughout
the UK and European markets. Group companies pride themselves on the provision
of high technical and professional standards of service to niche markets with
emphasis on building strong, trusted and long-standing partnerships with all
of our clients. https://billington-holdings.plc.uk/
(https://billington-holdings.plc.uk/)

 

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

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